Looking to diversify beyond AW16.DE? The ETFs below have the lowest correlation with AW16.DE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AW16.DE.
Best Diversifiers for AW16.DE
1 ETFs have low correlation with AW16.DE (below 0.3), 1 of which are negatively correlated. The least correlated is UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) (Commodities) with a 1Y correlation of -0.11, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ET... | -0.11 | 0.01 | 0.09 | 69 | Commodities | AW16.DE vs BCFE.DE | |
| iShares Edge MSCI USA Multifactor UCITS ETF | 0.50 | 0.80 | 0.85 | 72 | Large Cap Blend Equities | AW16.DE vs IBCY.DE | |
| UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF ... | 0.63 | 0.76 | 0.83 | 66 | Large Cap Blend Equities | AW16.DE vs USUE.DE | |
| iShares MSCI USA SRI UCITS ETF USD (Acc) | 0.83 | 0.86 | 0.91 | 55 | Large Cap Blend Equities | AW16.DE vs QDVR.DE | |
| iShares MSCI USA SRI UCITS ETF USD Dist | 0.83 | 0.86 | 0.91 | 55 | Large Cap Blend Equities | AW16.DE vs 36B6.DE |
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Diversification Analysis
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